A loan of $2,850 helped a member to buy grass for his cows and chicken food for his chickens.

Mr Vet Vy's Village Bank Group's story

In Chouy Dang village in Kandal Province, 23 people have formed a village bank and Mr Vet Vy is the village bank president, selected by the group members. He is a construction worker and cow breeder. As well as these businesses, he is a poultry breeder who raises 10 chickens in his house. Since his cow and chicken businesses are going well and they are growing bigger and bigger, Mr Vet Vy does not have enough money to purchase grass for his cows and chicken food for his chickens. Thus, he decided to ask for a loan for this purpose. His wife, Mrs Yin Sok, is a housewife who cooks very deliciously for her household. Mr Vet Vy is 48 years old and the father of four children who are all attending school.

My Vet Vy will share this loan with the other members of the village bank. One member has an end-of-term loan and the rest have monthly payment loans. The end-of-term loan member is not required to pay aN. principal on the loan until the very end of the loan term. End-of-term (EoT) loans are AMK's main product because they are the most beneficial to Cambodia's poor. It allows them to repay portions of the principal whenever they are financially able to. Most clients start to make payments maN. months before the end of the loan term. Almost all of AMK's clients make their payments on time. AMK has a delinquency rate of only 0.09% and AMK has a default rate of 0% on Kiva.

In this group: Vet, Khum, Choun, Soeng, Kung, Ton, Keo, Koch, Kung, Saom, Kung, On, Net, Lay, Lay, Lay, Net, Net, Phoung, Sok, Chorn, Khoun, Meas

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